Post by @melissasollee

1. Chequing account 🏦 This is your money hub: where your income lands, rent comes out of, essentials get paid Money doesn't sit here for long though, it simply passes through 2. Emergency fund 🚨 Money you hope you never have to touch. But in case of any emergencies, you're fully covered 3-6 months of your living expenses in high-yield savings 3. Luxury fund ✨ This is your "fun" account Luxury # Designer items. You decide what luxury means to you: treating your parents, a solo trip, whatever you like 4. Tax-free investing 📊 Money to take care of future you Your investments grow tax-free, and you pay nothing when you withdraw 5. Tax-deferred investing 🕰️ Similar to no.4 but it helps you lower your tax bill today, and your investments grow tax-free until you withdraw, usually at retirement Save this and set up your own system #financialeducation #moneytips #financialliteracy